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Lawmakers ready to raise the cost of that Pepsi

September 28, 2009 |  9:08 am


Here's today's lesson in economics (and passing the buck): State lawmakers have swiped more than $450 million from the recycling fund to cover the state's bills. But they have yet to pay it back. The upshot? Gov. Arnold Schwarzenegger is poised to sign a bill that will charge consumers an estimated $295 million more per year on beverage containers. Read more here.

Photo credit: Daniel Acker / Bloomberg